Mobikwik has received an investment proposal from Bennett, Coleman and Company Limited (“Offeree”) to invest&nbsp;an aggregate amount of Rs. 1,00,00,00,936/- in the&nbsp;company by way of subscription to 8,83,159 Equity Shares of the company. The company proposes to offer, issue andallot 8,83,159 Equity Shares having face value of Rs. 2/- at a premium of Rs. 1,130.30/- aggregating to Rs.1,00,00,00,936/- on a preferential basis for cash.The Company has obtained the approval of the Board of Directors for offer and issue of 8,83,159 Equity Shares, at itsMeeting held on December 07, 2021.

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MOBIKWIK HAS RECIEVED AN APPROVAL FOR ISSUANCE OF SECURITIES ON PREFERENTIAL BASIS TO BENNETT, COLEMAN AND COMPANY LIMITED